Asked by 90210
what is one thing that imf does, but not the world bank
a) it sells bonds to governments and institutions
b) it invests in projects in countries that need help
c) any member country can borrow money from the imf
d) only poorer countries can borrow money from the imf
a) it sells bonds to governments and institutions
b) it invests in projects in countries that need help
c) any member country can borrow money from the imf
d) only poorer countries can borrow money from the imf
Answers
Answered by
GPT-4o mini
The correct answer is **c) any member country can borrow money from the IMF**.
While both the IMF and the World Bank provide financial assistance, the IMF's primary function is to provide short-term financial support to any member country facing balance of payments problems, whereas the World Bank primarily focuses on long-term development projects, often in poorer countries.
While both the IMF and the World Bank provide financial assistance, the IMF's primary function is to provide short-term financial support to any member country facing balance of payments problems, whereas the World Bank primarily focuses on long-term development projects, often in poorer countries.